Deltec Asset Management LLC Grows Position in GeoPark Limited (NYSE:GPRK)

Deltec Asset Management LLC lifted its holdings in GeoPark Limited (NYSE:GPRK) by 997.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 131,678 shares of the oil and gas company’s stock after buying an additional 119,678 shares during the period. Deltec Asset Management LLC’s holdings in GeoPark were worth $1,036,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. acquired a new position in GeoPark during the third quarter worth $38,000. Armstrong Fleming & Moore Inc grew its position in GeoPark by 2.7% in the third quarter. Armstrong Fleming & Moore Inc now owns 187,726 shares of the oil and gas company’s stock worth $1,477,000 after acquiring an additional 4,859 shares during the period. Exchange Traded Concepts LLC acquired a new stake in GeoPark during the third quarter worth $320,000. Annex Advisory Services LLC increased its stake in GeoPark by 137.3% during the third quarter. Annex Advisory Services LLC now owns 128,750 shares of the oil and gas company’s stock worth $1,013,000 after acquiring an additional 74,485 shares during the last quarter. Finally, Aristides Capital LLC purchased a new stake in GeoPark in the second quarter valued at $286,000. 68.21% of the stock is currently owned by institutional investors and hedge funds.

GeoPark Stock Up 0.7 %

GPRK stock opened at $8.18 on Wednesday. GeoPark Limited has a fifty-two week low of $7.24 and a fifty-two week high of $11.25. The company’s 50 day moving average price is $8.23 and its 200 day moving average price is $9.38. The company has a debt-to-equity ratio of 2.83, a quick ratio of 1.10 and a current ratio of 1.16. The firm has a market capitalization of $452.58 million, a price-to-earnings ratio of 4.01 and a beta of 1.32.

GeoPark (NYSE:GPRK) last announced its quarterly earnings data on Wednesday, August 14th. The oil and gas company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.30). The firm had revenue of $190.20 million during the quarter, compared to analyst estimates of $182.74 million. GeoPark had a net margin of 14.28% and a return on equity of 60.77%. On average, equities research analysts anticipate that GeoPark Limited will post 3.09 EPS for the current fiscal year.

GeoPark Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were paid a $0.147 dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $0.59 annualized dividend and a yield of 7.19%. GeoPark’s dividend payout ratio is presently 28.43%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on GPRK shares. StockNews.com downgraded GeoPark from a “strong-buy” rating to a “buy” rating in a research report on Monday. JPMorgan Chase & Co. increased their price objective on GeoPark from $11.50 to $12.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th.

GeoPark Profile

GeoPark Limited operates as an oil and natural gas exploration and production company primarily in Chile, Colombia, Brazil, Argentina, Ecuador, and other Latin American countries. It engages in the exploration, development, and production of oil and gas reserves. The company was formerly known as GeoPark Holdings Limited and changed its name to GeoPark Limited in July 2013.